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Forex Junction

Mission accomplished. Another 15 pips hee!

CWQuah      ( Date: 06-Jan-2009 01:54) Posted: Time to consider a minor long position on EURUSD. CWQuah      ( Date: 06-Jan-2009 00:37) Posted: Gorgeous technicals on EURUSD 5 min tonight. Made over 40 pips just playing support breakdowns and trend following.

 

Time to consider a minor long position on EURUSD.

CWQuah      ( Date: 06-Jan-2009 00:37) Posted: Gorgeous technicals on EURUSD 5 min tonight. Made over 40 pips just playing support breakdowns and trend following.

 

Gorgeous technicals on EURUSD 5 min tonight.

Made over 40 pips just playing support breakdowns and trend following.

 

 

 

Prosperous New Year to all the Master of Fortune.

Every1 has gone for vacation?

 

Anyone who are interested or wanted to know more about forex trading may feel free to visit my site @ http://forex.sense-and-guts.com/ or can write me a mail, I'll try my best to answer your queries.

 

We must insidiously study the technical picture first... only then should we place our bets.

Thus, we don't just bet anyhow... some call it 'skilful' betting.

But it is still a bet...
Then, we must be ready to dump it quickly once the signs show we have betted wrongly.

This is the way to 'trade' the stock market.
Thus, 'trading for a living' is really 'betting for a living'...  hehehe...

 

The last few days were holiday season. Even the forex market was quiet.

Volatility dropped a lot. I think activity will pick up again in January. 

 

Skillful betting is still betting on pure luck.

I prefer to trade on technicals, which is really based on skills

 

You are right...

To start with, one must know one is betting...
Then one should bet systematically to win... 

Holding indefinitely with hopes of a turnaround on solid fundamentals' is certainly not
systematic betting... that is 'investing'... hehehe...

 

Skillful betting is the way not just blind betting.. :))

iPunter      ( Date: 25-Dec-2008 10:05) Posted: Bet small win small, bet big win big... Bet small, how to be rich fast? But one must always remember, it is really only betting... Thus, if your bet is wrong, dump! ...

 

 

Whatever it is. Do NOT be greedy.

 

free and good stuff . i highly recommend babypips as always do. 

CWQuah      ( Date: 15-Dec-2008 23:03) Posted: http://www.babypips.com/blogs/art-of-the-chart/12_essential_trading_tips_to_m.html Something to maintain sanity with, regardless of the mkt insanity. Within chaos, there is order.

 

   baseerahmed

 dun worry abt ur loss in ur demo recently. time to move to lesson no 2. check ur email...

 

i think it is a matter of time the currency gets even. and hard to predict given the recent volatility

usd was 1.52 to sgd the other day, 2/3 days later it was1.42 then now it is at 1.46. Pure speculation


think the moneychanger in chinatown must be on their toes all the time.

 

Singaporea, it is the best time to travel in Korea... the exchange rate shot up almost 60%... from 1 SGD = 600 Korean Won to 930 Korean Won..... that's so good.... if it can break 1000 korean won, lagi bagus... so, exchange some Korean Won and travel Seoul like a King or Queen..... I am planning a trip to Seoul... heee...

It's good to mention that SGD vs JPY getting much weaker now... dropped 25% !!! oh no, not a good time to travel in Japan...~

 

Typical example:

 When one has opened an account & started trading, he makes some profits. He goes on to make more profits.

He buys/sells more and makes a little losses. He decides to buy/sell a bit more to make up these lillte losses.

But ended up more lossess. He tops up more cash in order to make more trading.

He makes profit a little at a time but still has more losses than profits.

 At the end of the day, the winner is the trading company and agents and..... those rich people who can wait for the bulls or bears and do cost averaging.

 

Thanks all. M just looking for a place to park my investments. Will not jump into it though.